What are two “safe” or reasonable conclusions that can be drawn on about the acceleration in productivity growth?
Please provide the best answer for the statement.
First, there seems to be good prospects for a lasting increase in productivity growth because of the expanded use of information technology. Second, it will take time to tell if productivity is lasting because the severe recession of 2007–2009 may have changed the trend.
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According to the statistics, the distribution of money income:
a. fluctuated widely since 1947. b. changed significantly in favor of the bottom 5 percent. c. has not changed greatly since 1947. d. has not changed greatly since 1929.
Which furniture production process would have the highest production function?
a. furniture made by handsaw and hammer b. furniture made with power equipment c. furniture made by grade school-educated workers d. furniture made in an automated furniture factory